At midday Hong Kong stocks were higher: HSI +2.08%, Hang Seng Tech Index +2.51%.
Large-cap internet names Meituan (03690.HK), Kuaishou (01024.HK) and Baidu
(09888.HK) each rose over 4%. Property developers led gains: SUNAC CHINA
(01918.HK) +12%, Longfor Group (00960.HK) +9%, China Vanke (02202.HK) +7%.
Brokers active—GF Securities (01776.HK) +4%. Auto-tech/ADAS names advanced:
Hesai-W (02525.HK) +7%, Youjia Innovation (02431.HK) and Pony.ai-W (02026.HK)
rose over 6%. Strong sectors included artificial intelligence, mainland banks,
power equipment, NEVs, building materials/cement and logistics; weakest were
power semiconductors, agriculture, OLED, biopharma and nonferrous metals.
Minimax-W (00100.HK) +5% after Saudi HUMAIN said it built its first Arabic large
language model on MiniMaxM3; XiYin-W (00625.HK) -4%.
